I had been watching this company for a while. I thought I had a good understanding of their product and the direction of the company and decided to buy in. Before doing so, I emailed them about the nature of the NTI vs HCTI relationship from my university email address with my title at the bottom.
I received emails from Kristul, Figovsky, Trossman, and Steve from IR. The answers they gave seemed solid. I missed a jump in pps because of the emails back and forth, but bought in happily.
Not even a month later, my account is down 75%. People on the board here have claimed to be experts and said there were absolutely no notes and absolutely no dilution. I didn't believe it and emailed the guys who were so happy to take time to talk with me before investing. My emails were forwarded to Steve from Kristul. No one else bothered responding. I was assured that Steve had "no knowledge" of notes or dilution. He maintained this assertion for some time. I would guess that if you called him now, he would still claim ignorance.
Like the good supporter, I averaged down and saw my account green on many days.
Fast forward several months, and filings begin to show that the NTI / HCTI relationship is more complicated than described. DBA isn't quite sufficient, because HCTI is licensing NTI's product. You don't pay yourself to use your own product. So that is my first issue. The second issue is that the modifications that have been pr'd were complete before I bought a single share. Yet, no products that we can claim. Next, is the complete mishandling of the flow of information. The copy and paste jobs are ridiculous. If that were the end of IR issues, fine. Unfortunately, it's not though. Where is the pr that Steve said was on his desk over a week ago? He sent it back for approval and it was coming last week. It was HUGE!!!
Finally, let's look at the RS. This is designed to benefit no one but the company. The way it has been presented, shows that they don't want to have to tell you when they are going to dilute. They don't want to even have to meet anymore to do it. They're just going to do it.
Also, notice that they claim over 50% of voting power between 7 people, but they only account for ~48%. They don't have the voting power that they claim to carry the motions. That doesn't stop them though.
Google the CEO and look specifically for his previous court cases. There are several instances where people claim they loaned money under certain conditions and never received anything back.
Also look for Winston Wolf's old postings. They leaked info on this board every time a pr was about to drop. You could watch the pps spike and then almost immediately drop. They hyped so they could get the highest price for their diluted shares.
Looking back, I think this should have been pretty obvious to me, but in the moment I accepted what the company told me. Now they are very blatantly telling you that they are going to RS and dilute.
There is constant speculation of competitor's products and mention of isocyanate this or that, that is completely irrelevant to this company. I believe that the people who showed up and post incessantly are either paid shills or very naive.
I think the science is good, but it isn't something that can't be done just as well and for a lot less production cost by the big manufacturers. A good product and poor leadership is a loser.
I think you can make some money here in the short term, but don't hold through the RS and ensuing dilution and be surprised when it happens.
